Sumit Phadnis (Lawyer) 04 February 2009

Requirement of PAN

Dear Lawyers,

I need a small clarification to be sought. Will a Apartment owners welfare association established under Societies regn act require PAN/ TAN registration.(Karnataka State) I want this to be clarified since I am the Secretary of my apartment complex and I want to take up this compliance if required under law. Can you check and let me know.

Sumit Phadnis

Reply Follow

3 Replies

Rajendran Nallusamy (Advocate) 04 February 2009

All existing assessees or taxpayers or persons who are required to file a return of income, even on behalf of others, must have a PAN. Any person, who intends to enter into economic or financial transactions where quoting PAN is mandatory, must also have a PAN